🦊/Investors

Verdane

Private equityoperating company · company profile

Stockholm · Series B–Growth · 14 people tracked

Also known as VERDANE CAPITAL ADVISORS AS · Verdane Edda · VERDANE FUND MANAGER AB

Find your way into Verdane

1,173 people in our graph share verified history with the Verdane team — schools, employers, funds. One of them is your warm intro.

Kyle Dohertyunlockedknows Staffan Mörndal · together at Harvard Business School (overlapped)
×4knows the team · via Harvard Business School
×2knows the team · via SEB Investment Banking
×4knows the team · via A.T. Kearney
knows the team · via Linköping University
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Investment thesis

Verdane is a growth equity firm that invests in technology-enabled and sustainable businesses across Europe, focusing on companies pursuing international expansion.

Source: firm website, verified Sep 15, 2026.

Stage
Series B–Growth
Check
$21.6M – $162M
HQ
Stockholm, NO
Instruments
Equity
Founded
1985
AUM
$8.6B
VC funds
1
Tracked investments
12

Team · 14 people

from public directories
Henrik Aspen· Director
Pal Malmros· Director
Staffan Morndal· Directorin

What they invest in

from 12 of 12 portfolio companies

SaaS ×6Enterprise Software ×4AI & Machine Learning ×3E-commerce ×3Logistics & Supply Chain ×3Cleantech ×2Energy ×2FoodTech ×2

HQs:Denmark×2Norway×2Germany×1Finland×1Ireland×1Netherlands×1

Investments · 12 tracked

founders shown can be your intro path

By year:2025 · 12023 · 22022 · 32021 · 32020 · 110 dated

Polytechpolytech.comin✓ verified

Polytech A/S makes protection and monitoring solutions for wind turbine blades, including lightning protection, leading edge protection, blade monitoring and optimization, and transport protection systems.

CleantechEnergyLogistics & Supply ChainNew MaterialsBramming, DK

Co-investorsUVC Partners

UrbanVolturbanvolt.cominAug 2023✓ verified

UrbanVolt is Ireland's leading solar-as-a-service provider offering fixed-price power purchase agreements to businesses seeking to reduce carbon emissions and energy costs without upfront capital investment.

CleantechClimate TechEnergyImpact & Social GoodDublin, IE

Co-investorsHSBCBusiness Venture Partners

Danelecdanelec.comin𝕏May 2025

Danelec manufactures the DM100 VDR G2, a vessel data recorder system for maritime operations that captures and stores bridge audio, sensor data, and video to support safety compliance, accident investigation, and remote monitoring.

Data & InfrastructureEnterprise SoftwareHardwareIoTLogistics & Supply ChainSaaSCopenhagen, DK

Casper Jensen(CEO Danelec | EVP Digital - GTT Group)inChristian Kock(EVP, Safety Danelec | SVP Equipment & Safety - GTT Group)Claus Borum(EVP Ship Performance | CTO)in

Co-investorsSystemiq CapitalSYSTEMIQ

FiksuRuokafiksuruoka.fiinMay 2021

Fiksuruoka is an online marketplace that sells surplus and near-expiration food products, cleaning supplies, and other goods at discounted prices to reduce food waste.

Circular EconomyE-commerceFoodTech

Juhani Järvensivu(Founder)in

Co-investorsInnovestor VenturesInnovestor

inRiverinriver.cominNov 2020 · $32M

Inriver provides a Product Information Management (PIM) platform for brands, manufacturers, and retailers to manage and optimize product data across omnichannel commerce.

AI & Machine LearningE-commerceEnterprise SoftwareSaaS

Roland Persson(Founder)in

Co-investorsGolub GrowthIndustrifonden

Odaoda.comDec 2022

Oda is an online grocery retailer offering a range of food and household products for delivery in Norway.

ConsumerE-commerceFoodTechRetail TechOslo, NO

Co-investorsAlliance VCAlliance VentureCNISkyfall VenturesSumma EquityKinnevik+1 more

Onomondoonomondo.comin𝕏Jul 2022 · $21M

Onomondo provides cellular IoT connectivity through a network built specifically for IoT, offering global coverage, cloud integrations, and SIM/eSIM options for businesses.

Enterprise SoftwareIoTLogistics & Supply ChainSaaS

Henrik Aagaard(Founder)in

Co-investorsMaersk GrowthPeople Ventures

Studytubestudytube.cominFeb 2022 · $30M

StudyTube is a platform that facilitates knowledge sharing and information exchange within organizations to improve employee learning and organizational efficiency.

EdTechEnterprise SoftwareHR TechSaaS

Co-investorshenQ vcVortex Capital PartnersEnergy Impact Partners

Talentechtalentech.comin

Talentech provides an all-in-one applicant tracking system designed to manage the complete recruitment lifecycle—from talent attraction and candidate selection through hiring and employee preboarding—using AI-powered features to improve efficiency and candidate-to-applicant conversion.

AI & Machine LearningHR TechSaaSOslo, NO

Co-investorsViking Growth

Urban Sports Cluburbansportsclub.cominDec 2023

Urban Sports Club offers a flexible membership giving access to fitness studios and over 50 sports and wellness activities across Europe, bookable via its app for in-person, free-training, or live online sessions.

MarketplacesSports TechWellness & Fitness

Moritz Kreppel(Founder)inBenjamin Roth(Founder)in

Co-investorsb2ventureClaret Capital PartnersPeakRheingau FoundersRTP GlobalSevenVentures+2 more

Voyadovoyado.cominMay 2021

Voyado provides AI-powered customer engagement, product discovery, and loyalty solutions for retailers to increase revenue.

AI & Machine LearningMarketing TechRetail TechSaaSNorrköping, SE

Mikael Selegård(Founder)inErica Sandelin Ekelundin

Co-investorseEquity ABViking Global Investors

Wunderflatswunderflats.cominJul 2021

Wunderflats operates an online platform for renting furnished apartments, connecting tenants, landlords, and companies.

MarketplacesPropTechTravel & Hospitality

Co-investorsAxel Springer Digital VenturesCreathor VenturesECONA AGPT1TA VenturesIBB Ventures

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 2

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
Verdane Edda III (D1) ABLPs: California Public Employees' Retirement System20241.14x0.00x
Verdane Capital X ABLPs: Fresno County Employees' Retirement Association201978.9%1.80x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Verdane made?
Verdane has 12 tracked investments, including 1 dated in the last 24 months.
What stage does Verdane invest at?
Verdane invests at the Series B, Series C, Growth stages.
What is Verdane's typical check size?
Verdane typically writes checks of $21.6M – $162M.
What sectors does Verdane focus on?
Verdane focuses on Advanced Manufacturing, Climate Tech, Construction Tech, Consumer, Data & Infrastructure, EdTech, Energy, Enterprise Software, Fintech, Healthtech, Impact & Social Good, Mobility & Transportation, SaaS, Sector Agnostic.
Where is Verdane located?
Verdane is headquartered in Stockholm, NO.

Media · Podcasts & interviews

featuring the team

118. Staffan Mörndal (Partner, Verdane Capital) & Paul Fischbein (VD, RevolutionRace) om invester...

Björn Påhlman Spenger · Staffan Mörndal

32. Staffan Mörndal - Partner på Verdane: Hur fungerar riskkapital & vad driver framgång inom D2C...

Björn Påhlman Spenger · Staffan Mörndal

32. Staffan Mörndal - Partner på Verdane: Hur fungerar riskkapital & vad driver framgång inom D2C och e-handel - Framtidens E-Handel | Acast

Staffan Mörndal · shows.acast.com

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